RPM International (NYSE:RPM) posted its quarterly earnings results on Tuesday. The specialty chemicals company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06, MarketWatch Earnings reports. RPM International had a return on equity of 34.41% and a net margin of 8.23%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company earned $1.44 EPS. RPM International’s revenue for the quarter was up 2.7% compared to the same quarter last year.
NYSE:RPM traded down $0.55 during trading hours on Thursday, reaching $80.98. 5,893 shares of the company traded hands, compared to its average volume of 547,368. The business’s 50-day moving average price is $82.21 and its two-hundred day moving average price is $88.54. The stock has a market capitalization of $10.51 billion, a P/E ratio of 21.12, a P/E/G ratio of 4.04 and a beta of 0.95. RPM International has a 1 year low of $76.43 and a 1 year high of $99.30. The company has a current ratio of 2.09, a quick ratio of 1.38 and a debt-to-equity ratio of 1.36.
RPM has been the topic of several recent research reports. JPMorgan Chase & Co. lowered RPM International from a “neutral” rating to an “underweight” rating and set a $90.00 price target on the stock. in a research report on Wednesday, June 23rd. Wells Fargo & Company reduced their price target on RPM International from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets dropped their price objective on RPM International from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.75.
RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG); Performance Coatings Group (PCG); Consumer Group; and Specialty Products Group (SPG).
Read More: Why Invest in High-Yield Dividend Stocks?
Receive News & Ratings for RPM International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International and related companies with MarketBeat.com's FREE daily email newsletter.